Brighton Jones LLC Grows Stock Position in Cintas Corporation $CTAS

Brighton Jones LLC boosted its position in Cintas Corporation (NASDAQ:CTAS) by 152.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,421 shares of the business services provider’s stock after buying an additional 2,067 shares during the quarter. Brighton Jones LLC’s holdings in Cintas were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Cintas in the first quarter worth $27,000. Saudi Central Bank purchased a new stake in Cintas in the first quarter worth $29,000. Stone House Investment Management LLC purchased a new stake in Cintas in the first quarter worth $41,000. Resources Management Corp CT ADV purchased a new stake in Cintas in the first quarter worth $41,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Cintas in the first quarter worth $46,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Cintas stock opened at $189.89 on Wednesday. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The business has a 50-day simple moving average of $200.68 and a 200 day simple moving average of $212.29. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The stock has a market cap of $76.31 billion, a price-to-earnings ratio of 43.06, a PEG ratio of 3.26 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas declared that its board has initiated a share repurchase program on Tuesday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently weighed in on CTAS. Wells Fargo & Company reduced their price target on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. The Goldman Sachs Group lifted their price target on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Citigroup lifted their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a research report on Friday, September 26th. UBS Group lifted their price target on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Robert W. Baird lifted their price target on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus target price of $222.09.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.